NFI Group Inc T.NFI

Ryan Bushell - BNN - Top Pick

[Possibleidiot01]

NFI Group (NFI TSX)

We have struggled along with NFI for the past few years as supply chain issues have hampered production and caused financial stress for the company. We have been purchasing shares all year below $10 as we see the turn in the fortunes of the company ahead. Supply chain pressures are easing, producer cost inflation is easing, equity and debt restructuring is complete and orders remain strong. Additionally one of their main competitors, Novabus owned by Volvo, has completely exited the U.S. market. Although we never like to see a holding endure this type of financial stress, especially as it relates to the dividend, buying more on a high conviction knowledge of the company when most investors are selling is a good recipe for outsized returns down the road.

stockchase.com
 

TOP PICK

New Flyer Industries Inc.(NFI-T)

18/07/2023

 

It's gone wrong for him in the past, but opportunities still continue to grow--they're the only maker of EV buses in North America that suits the Buy-America rule. Covid and supply chains were tough for the company, sure, but better days lie ahead. There's less competition and more opportunity. He bought a lot of shares at $9. The valuation should be better. Financing issues are sorted out.

(Analysts’ price target is $11.83)

Automotive

 

$11.220

Owned